Current Use by Public Records
- Retail properties & Spaces
Property Details for 26244 Tx-105
- Year built
- 2021
- Property type
- Retail properties & Spaces
- Property subtype
- Drug stores
Description
This exceptional investment opportunity presents a fee-simple ownership of a 9,026 square foot retail property located at 26244 TX-105, Montgomery, TX 77316. The property is currently leased to Dollar General under a triple-net (NNN) lease, absolving the owner of all landlord responsibilities. The lease commenced July 26, 2021, and has a remaining term of approximately 11.7 years, with three five-year renewal options. The asking price is $2,035,000, representing a compelling cap rate of 5.65% and a price per square foot of $225.46. The property boasts a strong net operating income (NOI) of $114,971. Built in 2021, this Class A retail space benefits from a corporate guarantee from Dollar General, a Fortune 500 company with a history of consistent growth and over 17,000 stores nationwide. The property's location within Montgomery County, Texas, offers significant advantages, including a high average household income exceeding $105,514 within a three-mile radius and a robust growth rate of over 37% within a five-mile radius over the past decade. Its proximity to Houston, a major metropolitan area, further enhances its investment potential. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant and significant long-term growth prospects.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Montgomery
- State
- Texas
- Longitude
- -95.7793
- Latitude
- 30.3643
